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Property profile & analytics
OFF-MARKET
Estimated value
$29,610,000
Automotive properties
2333 Walnut St Cary, NC 27518-9211
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1195716
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Construction
BRICK
Total area
139,918 SF
Lot
15.33 ac (667,775 SF)
Zoning code
GCM
APN
0772.07-79-1355 0125858
UPID
US53-1195716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
EchoPark Automotive Raleigh Car Dealership
-
EchoPark Automotive Raleigh (Cary) Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$32.22M
Blend (final)
Blend
$29.61M
Owner & transaction history
Walnut Street Weh LP · 4 yrs held
Walnut Street Weh LP
since 2021
Last sale
$27.0M
6 recorded transactions
Zoning & alternative use
GCM · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$32,220,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$48,200,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$29.61M
Range $26.65M – $32.57M · ±10% · vs last sale $27.00M (Dec 15 2021)
Last sale anchor
$27.00M
Dec 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$212 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156,996
Tax year 2023
Assessed value
$15,668,267
Assessed 2023
Previous assessed
$15,668,267
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$4,629,307
Assessed improvement
$11,038,960
Land market value
$4,629,307
Improvement market value
$11,038,960
Total market value
$15,668,267
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
139,918 SF
Lot
15.33 ac (667,775 SF)
Zoning code
GCM
APN
0772.07-79-1355 0125858
UPID
US53-1195716
Jurisdiction
WAKE
Zoning & alternative use
GCM · Cary, NC
Zoning GCM · permitted uses
GCM · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$48.2M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
15.33 ac
Current owner
From public records · entity-resolved
Walnut Street Weh LP
Entity
Mailing address
56 HUNTER ST STE #110, APEX, NC 27502-2325
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$27,000,000
Walnut Street Weh LP
Drp Sre Crossroads LLC
Special Warranty Deed
$16,200,000 · United Bank
Dec 15, 2021
—
Walnut Street Web LP
Drp Sre Crossroads LLC
Deed
—
Sep 6, 2019
—
Drp Sre Crossroads LLC
—
Grant Deed
related
$15,950,000 · Pinnacle Bk
Aug 13, 2019
—
Drp Sre Crossroads LLC
Crossroads Lending
Quit Claim Deed
related
—
Dec 3, 2014
—
Crossroads Holdings LLC
—
Grant Deed
related
$1,250,000 · Wells Fargo Bk
Jul 29, 2005
—
Crossroads Holdings LLC
—
Trustees Deed
related
$2,630,867 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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